Y Intercept Hong Kong Ltd Acquires Shares of 149,586 Full Truck Alliance Co. Ltd. Sponsored ADR $YMM

Y Intercept Hong Kong Ltd bought a new position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) during the 2nd quarter, Holdings Channel.com reports. The fund bought 149,586 shares of the company’s stock, valued at approximately $1,767,000.

Other hedge funds have also modified their holdings of the company. Invesco Ltd. boosted its stake in shares of Full Truck Alliance by 3.1% in the first quarter. Invesco Ltd. now owns 30,965,571 shares of the company’s stock valued at $395,430,000 after buying an additional 917,263 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Full Truck Alliance by 1.5% in the first quarter. Vanguard Group Inc. now owns 29,373,877 shares of the company’s stock valued at $375,104,000 after acquiring an additional 430,834 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Full Truck Alliance by 9.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,761,409 shares of the company’s stock worth $137,423,000 after purchasing an additional 935,344 shares in the last quarter. Davis Selected Advisers grew its stake in shares of Full Truck Alliance by 44.8% during the 1st quarter. Davis Selected Advisers now owns 7,819,344 shares of the company’s stock worth $99,853,000 after purchasing an additional 2,418,953 shares during the period. Finally, Pinpoint Asset Management Ltd grew its stake in shares of Full Truck Alliance by 23.0% during the 1st quarter. Pinpoint Asset Management Ltd now owns 7,735,913 shares of the company’s stock worth $98,788,000 after purchasing an additional 1,448,760 shares during the period. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Stock Performance

Full Truck Alliance stock opened at $12.99 on Friday. Full Truck Alliance Co. Ltd. Sponsored ADR has a fifty-two week low of $8.20 and a fifty-two week high of $14.07. The firm has a market capitalization of $13.58 billion, a price-to-earnings ratio of 23.19 and a beta of 0.20. The stock’s fifty day moving average is $13.06 and its two-hundred day moving average is $12.22.

Full Truck Alliance Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Monday, October 27th. Shareholders of record on Friday, October 10th were issued a dividend of $0.096 per share. This represents a yield of 163.0%. The ex-dividend date was Friday, October 10th. Full Truck Alliance’s dividend payout ratio (DPR) is 28.57%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Full Truck Alliance in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Full Truck Alliance has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Full Truck Alliance Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.